Minh Phu Seafood Company decided to invest in digital transformation by acquiring advanced technologies like artificial intelligence (AI) and using them in raising and processing shrimps.– Photo baodautu.vn “Digital transformation or losses?” was the thorny question for Minh Phu Seafood Company a few years ago. A leading fisheries exporter, it shipped its products to over 50 markets around the world, earning annual revenues of VND12 trillion (US$526,000). As orders grew rapidly, the company was finding it hard to accept all of them. “This … required us to increase our capacity by five-10 times,” CEO Le Van Quang said. However, increasing its 14,000-strong workforce by five to 10 times was impossible and this forced the company to explore alternative solutions. “For five years I went to many countries to study this issue and found that digital transformation was the best way for the company to survive and grow. It helps cut costs and improve … [Read more...] about Digital transformation imperative for industry 4.0
Leading digital business transformation
VNPT targets to be leading digital service provider in Vietnam
Officially established in April 2018, VNPT-IT is a business having dependent accounting and a member of the VNPT. It has the responsibility to research and develop integrated information and communication technology (ICT) solutions to serve VNPT’s customers or independent clients and even foreign ones. This will make VNPT-IT a new pillar in producing software and IT applications of the whole Group, helping it achieving breakthroughs in the period of 2017 – 2025 in order to transform from a conventional telecommunications service provider to a supplier of multi-services, including telecommunications, information technology, and digital services. According to Mr. Ngo Dien Hy, Director of VNPT-IT, the assigned responsibility is truly challenging. To fulfill it, his company will integrate cutting edge technologies like AI, Bigdata, and Cloud into the services to offer more benefits to customers while increasing the competitiveness of VNPT’s products. The company’s … [Read more...] about VNPT targets to be leading digital service provider in Vietnam
TH true milk drives digital HR transformation
A cow farm of TH True milk. The group is enhancing its human resource (HR) capabilities and leverage real-time analytics for better business decisions. — Photo thmilk.vn TH true milk, one of Viet Nam’s largest fresh milk producers, has gone live with SAP SuccessFactors solutions for human capital management. The move is aimed at helping the company enhance its human resource (HR) capabilities and leverage real-time analytics for better business decisions. The SAP SuccessFactors solutions have been implemented in four companies within the TH Group including TH Food Chain JSC, TH true milk Food and TH true milk, encompassing 5,500 employees within Viet Nam, Russia and the US. The TH Group accounts for some 40 per cent of the market share for fresh milk in Viet Nam. The group’s key products are UHT sterilised milk, pasteurised fresh milk, yogurt and drinking yogurt. The TH Group’s farm is used by researchers and experts working in the dairy sector due to the new … [Read more...] about TH true milk drives digital HR transformation
Transform or get left behind
Sundara Raj, chief executive officer, PwC's South East Asian Consulting Services, outlines the way forward. Ripe for transformationTechnological disruptions, changing demographics of consumers and growing affluence in the ASEAN region are amongst the key factors driving the need for transformation. As a growing business in ASEAN, you cannot rest on your laurels and say, “Let’s wait for a while.” Because information flows so quickly via multiple channels, consumers in the region now don’t have to wait for new trends from other markets to physically arrive on their shores before reacting.Another driver for business transformation in ASEAN is premised on the fact that the ‘experiences’ of consumers are not always dictated by the specific industry that they interact with – they are often even agnostic to industry. So if as a consumer, you have a good experience dealing with a telco’s call centre, you expect a similar favourable experience … [Read more...] about Transform or get left behind
ABB showcases latest digital technologies
ABB AbilityTM , our unified, cross-industry digital capability, is how harness the power of digital to drive progress with our customers to unlock value in the Fourth Industrial Revolution.At its booth, ABB has introduced TXpertTM - the world’s first digital distribution transformer, smart sensors for motors, flexible picking robocs solution and other leading technologies. These unique, new solutions provide opportunities for businesses to transform efficiency, uptime and flexibility through remote monitoring, online big data analysis and predictive technology.For the keynote address, together with government leaders and the Ministry of Science and Technology, ABB will deliver a paper titled "Transforming the economy through digital technologies" and a presentation on “Smart technology for clean water distribution systems in Vietnam" during the conference session titled, “Building Smart Cities: Vision & Strategy”. Through its presentations, ABB will share … [Read more...] about ABB showcases latest digital technologies